Colombia PESTLE Insights - A Macroeconomic Outlook Report
Summary Financial intermediation, real estate and business activities contributed 23.7% to gross value added (GVA) in 2021, followed by other services (20.8%) and mining, manufacturing and utilities (20.4%), According to the analyst. In nominal terms, the three sectors are forecast to grow by 7.6%, 5.9% and 5.6%, respectively, in 2022.
Bogota, Cali and Medellin are among the best performing cities of Colombia. These areas contributed 35.2% of GDP and comprised 33.6% of Colombia’s population in 2021.
The overall COLCAP Index exhibited an increasing trend over last year. As of March 14, 2022, the Index stood at 1,548.5, compared to 1,353.7 on March 14, 2021.
Scope - Colombia’s port authority aims to expand total port capacity by 30% by 2025-2026.
Reasons to Buy - Macroeconomic Outlook Report identifies the potentials of the country as an investment destination by analyzing the political, economic, social, technological, legal and environmental (PESTLE) structure. - PESTLE Insights provides 360 degree view of the economy which can be used as a strategic tool to understand the market dynamics, business potentials and direction of operations - Along with providing the country’s snapshot, the report captures the risk factors pertaining to the macroeconomic risks, political environment, legal environment, demographic and social structure effectiveness, technology & infrastructure and natural and geographic aspects that might impact business. - This report also highlights key clusters/cities which contribute significantly to the country GDP and population along with major companies’ presence in these areas.
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